As the global market for oil and gas remains depressed, First Titan Corp. is seizing the opportunity to target and acquire undervalued and distressed energy assets well-positioned to increase dramatically in value once oil and gas prices rise again

Many oil and gas companies are feeling the pinch, looking to sell off assets and equipment to offset projected losses

With oil currently trading at nearly half the price that it was when the US boom was at its peak, domestic drilling and exploration has slowed down heavily, with the US rig count dropping to its lowest level in five years.

Many oil and gas companies are feeling the pinch, looking to sell off assets and equipment to offset projected losses.

Those same assets could pay off handsomely for FTTN and its investors when oil and gas prices rise, said company CEO Sydney Jim.

“There are now half-completed wells all over the country that won’t stay dormant forever,” Jim said. “Now is the time to pick up these assets at a big discount and build up our U.S. portfolio in preparation for the next upswing in the market.”

FTTN is building an asset base of oil and gas properties and is dedicated to the continued development of energy assets throughout North America alongside companies such as Lucas Energy, Earthstone Energy, Fieldpoint Petroleum Corp. and Evolution Petroleum Corp.